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20121202
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
CNBC
Dec 6, 2012 6:00am EST
you both. >> thank you. >> coming up, congress convening a significant fiscal cliff hearing today. so we have that going for us. and before he heads there, one of the experts testifying will join us next. first as we led to break, check out what's trending on yahoo! right now. leading the way, susan luckey dies. best known for playing in the music man. she's dead at age 74. made a commitment to the gulf.p bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> the u.s. equity futures are indicated a little higher this morning after the gains we saw yesterday at least for the dow. the nasdaq and s&p 500 gave up some ground because of the losses with apple, but this morning moderate green arrows. in our headlines, adults can now legally
CNBC
Dec 10, 2012 4:00pm EST
fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. it's true. y'all don't like that, huh? >> and you can tell how confident president barack obama knows how positive his polls are on his side of this issue. but on the game where he's campaigning publicly and negotiating privately. as you said meeting with john boehner at the white house yesterday. and clearly the president is meeting with republicans and then checking back with democrats. we see this pattern now a couple of times last week he met with or spoke to boehner. and then met with nancy pelosi, the democratic leader on capitol hill. today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in c
CNBC
Dec 5, 2012 1:00pm EST
likelihood that a divided congress can get a deal on the fiscal cliff before we hit it. represents tim walls is a democrat from minnesota who filed a petition yesterday to force a vote on extending tax cuts for the middle class. congressman, good to have you with us. >> thanks for having me. >> i have to say that the optic beioptics of congressman leaving the capitol right now for another long weekend is extraordinary poor. it is disappointing and to many it is outraging. what do you say? >> i think it is outrageous. i couldn't agree with you more on that. these are good folks. each one of us was elected to represent 650,000 people. i heard it -- i think everyone of the other floor members heard it -- they're tired of the bickering, they're tired of the cliff talk. they want to us compromise and get something done. i proposed yesterday let's find the xron ground. we all agree that tax rates should not go up on folks make makeing $250,000 or less. a family. >> when congress goes home today for a long weekend, who pays for the travel? >> the taxpayers pay for it. they just flew us out on
CNBC
Dec 6, 2012 1:00pm EST
that fiscal cliff. in just a few minutes, the president makes his point of the day by visiting a middle class family to talk about tax cuts. >>> and on the hill, some members of congress left d.c. yesterday. we showed you the footage. they're on a long weekend. but key players are still there trying to hammer out a deal. eamon javers is on capitol hill with the latest on the negotiations for us. hi, eamon. >> hi, sue. just within the past couple of minutes here we've had a very high-stakes scuffle on the senate floor over the president's proposal to have unilateral authority to raise the nation's debt ceiling all on his own for the most part. mitch mcconnell, the republican leader, offered up the opportunity for the senate to have a vote on that. democrats said they would love to take him up on that. they say they have the votes to pass it at a 50-vote threshold. just within the past couple of seconds, mcconnell has said, no, in fact what he wants to see is a 60-vote threshold for that. it looks like that's not going to happen today. it almost happened just within the past couple of minutes but now with a 60-vote threshold the democrats don't have the vote to pass the new
CNBC
Dec 5, 2012 7:00pm EST
folks, we switch gears back. we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and medium sized businesses up and down the chain are doing well. if companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to compete around the world. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the administration
CNBC
Dec 4, 2012 11:00pm EST
on vacation without the notion. the fiscal cliff glasgows from being half full to half empty that's where we want it, and once it's half empty, it's much more immune to disappointment. that's because those hoping for a deal will be gone. checked out, sold. replaced by three types of strongholders. get this. first like when the debt ceiling was raised. a move that countered for a huge chunk of the markets. these people believe that some kind of deal is inevitable. they think selling now is tantamount to giving up the bottom. the second set. they feel it won't have much of an impact on the economy. they believe we won't go into recession and the whole thing is over, done. mellow drama even. they think fearmongers. and this is their group of strong holders. a little time passes, they think, hey, should be better off going over the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we aren't where we need to be yet when the it comes to aba
CNBC
Dec 6, 2012 9:00am EST
republicans if we go over the fiscal cliff at the end of the month. john harwood is live, good morning. >> good morning, we're tracking what pressure exists from the public from voters on members of congress on the administration for resolving the fiscal cliff and there are a couple of findings i want to run through. first of all there is more public pressure on republicans to compromise than on democrats. if you look at the results of the survey, 20% of americans say the message of the election was that republicans need to compromise with the president. 9% said that the message was that president obama needs to compromise and the plurality, 44% said both ought to compromise. those results aren't so surprising because president obama won the election but if you look at the number who would be to blame if we don't get a deal, you see 21% blame the president and democrats in congress, 23% blame republicans, pretty even, 52% says they blame both of them. some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan spli
CNBC
Dec 7, 2012 1:00pm EST
that's why in the fiscal cliff negotiations it would be counterproductive if congress cut invest. >>> in education and job training to "reduce the deficit" in a way that would impact future economic growth. we've got to fix the workforce investment, the job training system in the united states to prepare people for the types of jobs that ceo has. >> you've been there, you've had to forge deals between warring constituencies. fiscal cliff. what would the solution be if you were handling it? >> i like the idea of the president, john boehner, the key players, getting together with no staff in the room. the second thing, they've got to be guided by a couple of things. number one, what is best for the nation? not my party, not my philosophy, not necessarily my politics. number two -- >> you'd like it one on one. >> editd' i'd like it one on on discuss specifics in a one on one way. second, they may agree there should be short-term steps and long-term steps, i think we can get there. the nation is counting on them doing something significant. >> saints/giants this weekend? >> i've got
CNBC
Dec 3, 2012 6:00pm EST
sports cliff. let's put it that way. it may seem like fiscal fears are subsiding, but you must still be a little cautious. i'm optimistic for legislation if congress doesn't take a vacation, and until compromise is made, i'll try to spot some winners that are bounce-backers, if you stay with us, no vacation, congresspeople and president, until legislation. the new mantra. besides -- rise above. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each mog. 24 hours. zero heartburn. >>> novelty, is overrated. at least when you're managing your own money. you don't need to constantly come up with newed in in fact rather than searching for ne
CNBC
Dec 6, 2012 6:00pm EST
-- ♪ you are now screwing up this fiscal cliff stuff royally with your hard line positions and your ridiculous protestations that you can't compromise. here's why. we are close, very close right now within our grasps to becoming the leader of the world when it comes to technology, innovation, natural resources, and finance. you are the only thing standing in our way. you are our ball and you are our chain. like today dow rallies 40 points, s&p gained .33%, nasdaq .52%. whether it's the ceos of the honeywells or the smallest of the small. tonight's guest of lumber liquidators, they're mean-spirited debates, the pledge is not to raise taxes, it's costing this nation a once in a lifetime opportunity to reassert itself as the leader of the free world. and faster growing the repressive communist world to boot. you are in the ability to give us a deal, any deal is crushing our economy. allow me to explain. since i read @jimcramer on tw twitter people say i'm biased. i believe that the compromise that all the common sense people are looking for, some combination of spending cuts, higher ta
CNBC
Dec 5, 2012 4:00am EST
gains tax will rise. he says the fiscal cliff shouldn't be a big issue, and if businessmen got into the room they could solve the problem much faster than congress. >>> adding his tuppence, he says they'll have to get used to it and the fiscal cliff is one of the reasons. >> we have structural influences that speak to the deleveraging, speak to aging demographics of the boomers, that speak to globalization and technology, all of which have been labor and job unfriendly. >> joining us with his views, the senior european economist at jeffries international. before we talk about europe, i'm just wondering if bill gross is right there, what kind of impact is that going to have for everybody else? >> well, in terms of the fiscal cliff, it is having an impact on the u.s. and driving growth there. the impact on europe is probably quite limited for the time being. most certainly europe has its own problems to worry about. we're still kind of waiting for this to be resolved. i think for the time being the problems are separate. but ultimately, the u.s. needs to be a droeiver of growth for e economy. the u.s. in 2013 is going to be a very difficult year. >> china mar
CNBC
Dec 3, 2012 11:00pm EST
whatever is going on with the eagles is just -- well, they went off their own sports cliff. let's just put it that way. it may seem like fiscal fears are subsiding, but you must still be a little cautious here. i'm optimistic for legislation if congress doesn't take a vacation, and until compromise is made, i'll try to spot some winners that are bounce-backers, if you stay with us, no vacation, congresspeople and president, until legislation. the new mantra. besides rise above. >>> he's counting down the top stocks to play ahead of 2013. break out the party hats and stick around to find out how you can have yourself a very well see new year. and later, if the shoe fits? fashionable footwear maker deckers surged on the street today. the stock is still well off its highs but is today's move your signal to slip back into its shares? kremer is trying it on for size, just ahead, all coming up on that money. >> don't miss a second of mad money. followed jim kramer on twitter. have a question, tweet kramer hashtag mad tweet. send g-men e-mail to mad money at sea nbc got, or give us a call at 1-80
CNBC
Dec 3, 2012 2:00pm EST
jobs are at risk if we go over the fiscal cliff. that's according to the center for strategic and budgetary assessments. >> the defense industry is sounding the alarm. dozens of industry leaders are in washington, d.c. taking their case to congress and the president and going over that cliff could be a threat to our national security. let's bring in david hess, president of pratt and whitney. david, how severe is the problem? critics will say that the defense industry has grown pretty much every year for the last 20 years and that we probably spend way too much on defense anyway. >> it's hard to understand that comment. quite honestly what often gets missed in the midst of this debate right now is we're already in the middle of step one of defense budget reductions. we're in the midst of under the budget control act which has already been passed, we're in the midst of a $487 billion defense spending reductions right now. you are seeing that in the headlines and some of the analyses -- >> sorry, david, are those real reductions or are those cuts to projected increases? >> i characterize them as real reductions. you can see that in some of the headlines, unfortunately, we're dealing with across the country with some of the plant closi
CNBC
Dec 6, 2012 4:00pm EST
on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indication that we may be intensifying discussions that could lead to a deal. don't know how quickly that could happen. could fall apart. we've seen the stop and start process, two steps forward, one step back many ti
CNBC
Dec 4, 2012 5:00pm EST
resolution to the fiscal cliff. i think it is going to come after we go over. >> we could maybe see the beginnings of the contour of an eventual agreement. i don't see how it comes before december 31. >> it doesn't sound like the sides are closer. >> it is not a plan to say we are going to magically reduce our increased revenue through loop hole closures and deduction caps. we don't know who pays or what we are talking about in terms of actual legislation to increase revenue. >> and the market is responding. maybe it is best to forget it and focus on stock picking. >> two-week low this morning and then huge 2.36 million block share trades come in. >> "fast money" right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. f
CNBC
Dec 4, 2012 2:00pm EST
congress should take a page out of wall street's book to reach a deal on the fiscal cliff. >>> and all-state ceo thomas wilson joins us to explain how a decline over the cliff would affect the insurance giant. maria and i will see you at the top of the hour, the annual chris mastery lighting at the new york stock exchange today and eye vanka trump will be along to help us out with that. >> wow. some of her own crystal there >> she is very beautiful, i have to say. >> i could say that, too, i suppose. but i won't. >>> iran says it shot down an american drone in the gulf. the navy is saying no. all of our drones are accounted for. what we do know is what kind of drone we are talking about. phil lebeau has experience actually with launching one? were you in the cia, phil? >> i wasn't in the cia, but i have launched, still -- >> you have to tell us. >> the scan eagle drone, don't like to call at a drone at boeing, made by boeing, subsidiary in oregon make it unmanned aerial vehicle. essentially, the navy, the intelligence, military, they have been using the scan eagle for a number of year,
CNBC
Dec 3, 2012 4:00am EST
this week on fiscal cliff negotiations. risk appetite is really be holden to that at the moment. and the reality is we're more likely to see congress delay another week or two before they really get going on the negotiations just before christmas. and so against that kind of backdrop, euro-dollar may struggle to break higher and definitely to break lieuthrough 1.31. >> adam, you're in washington. how do you view fiscal cliff discussions? >> i was pretty optimistic until about three days ago. my sense was republicans had lost enough ground, they wanted to get a new deal before they got weaker. they admitted that there has to be some revenue. meanwhile the obama team led by secretary geithner are comfortable with at least 2:1 what they would call entitlement cuts. so there was a lot of ground for a deal. unfortunately, i think the threats from some democratic leaders that maybe it's okay to go over the fiscal cliff, i'm worried some actually believe that and that's one thing that scares me. i think there's a deal on the table, get a few years deal, it's only if -- obviously the republican caucus could do something stupid, but owes otherwis
CNBC
Dec 4, 2012 6:00am EST
dozen governors are headed to the white house to talk about the fiscal cliff. they will tell the president that failing to come to an agreement will leave the states with the bill. after that they'll be going on to meet with some of the leaders in congress to make their same points there and we'll see what happens out of this. the markets have been watching just about every headline and trying to see what happens on this physical cliff issue. the "doubt" futures are up about 21 points. yesterday, though, we saw the markets close at the lows of the day. the dow down about 60 points on some of these concerns that, again, all of these issues still have quite aways to go before they reach any sort of deal. >>> overseas in asia you can see that the markets there, there were some marginal gains when you look at the hang seng. and the shanghai was up by 0.8, and in korea, it was down. and in europe, the green arrows, and the biggest gains in france with the cac up 0.75%. >>> facebook looks to grow its mobile business. julia boorstin has the news and what it means for the social network. julia, good morning. >> good morning to you, joe. facebook is making another move in the mobile space. now anyone can sign up for facebook's premobile messages ap
Search Results 0 to 18 of about 19 (some duplicates have been removed)